I pulled out half last night at $11.7.


At $6 I will buy back in.

I have one of these:
http://en.wikipedia.org/wiki/BlackDog



It is a miniature Linux machine that is powered via USB with a fingerprint scanner which requires that you scan your finger in order to log in, plus knowing your login and password.

It uses your computer's network connection, monitor, keyboard and mouse as periferals so even if you had a virus on your computer, it would have to sftp into your BlackDog to access any files.

Would this be a safe way of getting and protecting your wallet.dat file?

What happened mid-April?

I sent off for mine as well.

I do not know, I did not have a Mybitcoin address that I could check through the block chain.

You know how your Bitcoin is a series of letters and numbers that make no sense?

Namecoin is just like Bitcoin but instead of a random array of numbers and letters it is names.

Mainly of famous actors.

Hence the name...Namecoin.

The MyBitcoin guy is selling all of everyone's bitcoins.

And the polish exchange person who "lost" the wallet is also selling.

I would agree that the MyBitcoin guy is selling it all...quickly.

Cheaper goods for people to buy in BTC I suppose.

I bought $1k at 13.7...it seemed low.

Looks like now that the trade commissions are no longer at 0% we will be going back to huge swings in prices.

Great time to make some money.

Ok, I have an idea that I figured I would throw out here to see if it would pass muster.

tl;dr  Create an Android app that scans barcodes at stores and allows you to buy instantly in bitcoins and have the products delivered.



Basically I would have a simple website, for merchants and as a gateway for Android users. On the merchant side I would have a list of barcodes scanned by users and have a list of what items are popular along with data on how much money someone could make by selling them. Make it as easy as possible for a newb with a garage to see that he could make X amount of bitcoins selling X widget.

On the consumer side you can go into a store, say you are doing your Christmas shopping, you see an item you like, you scan the barcode and either enter the store price for comparison or not. It would have the item name, a rating for the seller, a sliding bar for price based on how many days you are willing to wait to receive the item, and a "Buy" or "Don't Buy" option at the bottom. If you buy, the item is added to your bit-pay cart. You can then go throughout the store adding more items to your BTC cart until you have everything you need, then you just checkout and send in your payment. Walk out of the store with no bags and your shopping done.

Ideally, on the merchant side, if this were to take off you would have small start-ups all over the country selling goods for bitcoins which would then turn into huge warehouses of goods to the point where Walmart will start losing market share to people just coming in to scan products for their bitcoin purchases.

Ideally, on the consumer side, you would be able to get all of the items you want at a store at a lower price with the ability to pay in bitcoins. With the convenience of having it all delivered to you at your front door.

Thoughts? Ideas?

I could probably code up a basic prototype.

I spent a few hours last night updating my website to include the bit pay option just above my PayPal payment option upon checkout.

The code was fairly easy, my main time spent was duplicating all of the hooks in WordPress and the eShop plugin to duplicate what PayPal does, the final step of sending a POST to bitpay was the easy part.

But it is close to ready for prime-time after just a bit of work. Though I will probably update the eShop plugin to allow for viewing prices in Bitcoin or Dollars.

I see this as a fairly simple solution. When I first read about bitcoin I read that it is easy to accept bitcoin for your e-commerce site. Then I looked into how difficult it really is, you have to set up a bitcoin server to generate new addresses for each transaction to allow for tracking each transaction, set up the code to communicate between a secure server and your site, unless you completely trust your website host which is on someone else's machine, not to mention the whole thing of having a server out on the Internet with wallet files.

This is just about as easy as putting a button with a form on your page. Sure you have to pay a fee. But it is worth it to save a lot of headache.

And if my site starts making so much money that the fee is too much, then I can look into putting in the effort to build the solution myself and save the fee. And I am sure bit-pay will take that into consideration if high volume customers start dropping out. But for the average e-commerce site, this is a simple solution.

Just signed up for it today.

This looks like the bitcoin solution to PayPal.

Now every website that sells stuff should be able to easily sell using bitcoin.

I cannot wait to give it a try.

I am surprised that they needed my company EIN though.

As of midnight tonight there will be no more 0% trades on MtGox.

This will most likely result in larger spreads.

I am not sure which way this will make things go but I have $5k in cash and ~$5k in BTC waiting for any big swings this might cause.

Tomorrow should be interesting.

I sold half at $14.25 when this happened.

I am working on accepting bitcoins at my wife's boutique:

http://www.heidijosboutique.com

Unfortunately I set up the shop before taking Bitcoin into consideration so it will require some modification.

I had looked into Bitcoin back when it was around $1/BTC and thought it was great, tried to mine but it kept giving me errors so I moved on.

Then I read a few articles here and there, read the one about how Bitcoin had gone from pennies to a couple of dollars and how that was a 2000% increase. I tried mining again, it again gave me errors and I moved on.

Then I read an article in June about how it had been worth $10 at the beginning of the month and skyrocketed to $35 before dropping to $20. At that point I knew that I should no longer wait on the sidelines.

I sent out an e-mail to my family telling them that they should seriously check out Bitcoins, as the family geek to the family I was giving them helpful advice, hoping they might invest a little bit and see it go up to $100 or more.

My brother wrote back asking if this was one of those Nigerian scams. I told him a bit about it and he just responded with some Guardian article about how some legislator wanted to ban Bitcoins and how once that was known the price dropped to $17/BTC. I just responded that of course governments will try to make it illegal, it is competition for them. I also mentioned that $17/BTC was up from $10 just a few weeks prior.

My brother-in-law e-mailed me a link to a libertarian talk show that he listens to and said that they talk about Bitcoins once in a while.

I explained to my wife that we needed to get in on Bitcoins now before it goes up any more. She did not understand it but I told her that it would most likely at least double by the end of the year. We have a $35k balloon loan coming up next year and we are racking our brains on how we will pay for it.

I ended up taking $10k from my Roth IRA and buying Bitcoins.

Alex Jones listener base is huge...

I can see them all looking into it over the weekend, setting up a Dwolla account, it takes about 2 week days to activate, they begin their money transfers on Tuesday from their bank accounts, they get the money through Thursday or Friday and boom...price skyrocket by the end of the week.

The guy probably lives on the other side of the globe.